Larry Dean Sykes and Ruby Sykes - Page 12




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                 Business Business Adjusted            Self-         Earned           
                  gross     net     gross  Taxable   employmentTotal income           
           Year  receipts  profit   income  income1     tax     tax  credit           
          1989      N/A  $2,718  $2,718        N/A    $354   $354      N/A            
          1990 $5,879        858     798        N/A     121     121   $110            
          1991  7,210      3,731    3,467  ($10,833)    527     527    601            
          1992  16,935     2,702    2,511   (12,689)    382     382    465            
          1993  14,260     2,368    2,200   (13,400)    335     335    434            
          1994  15,415     2,127    1,977   (14,173)    300     300    593            
          1995  12,087     4,271    3,969   (12,581)    603     603  1,352            
          1996  17,908     4,181    3,885   (10,465)    591     591  1,318            
          1997  13,724     4,387    4,077   (10,773)    620     620  1,386            
          1998  55,430    1,993    1,852    (13,348)   282     282    638             
                          29,336  27,454    (98,262)   4,115   4,115  6,897           
            Total 158,848                                                             
          Average17,650    2,934    2,745   (12,283)    412     412    766            
            per                                                                       
            year                                                                      
               1  Petitioners reported no taxable income.  This column shows          
          petitioners’ adjusted gross income minus the standard deduction for joint   
          filing status and petitioners’ personal exemptions.                         
               By notice of deficiency dated December 29, 1999, respondent            
          determined that petitioners had unreported income of $149,200 for           
          1997 (the amount seized from their residence on March 19, 1998)             
          from petitioner’s participation in the fencing operation.                   
                                       OPINION                                        
          A.   Burden of Proof Relating to Petitioner’s Cash Hoard                    
               We first decide which party bears the burden of proving the            
          amount of petitioner’s cash hoard on December 31, 1996.                     










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Last modified: May 25, 2011